Question 2
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In 2019 J&P Corporation reported $2,890,000 in cash, $15,215,000 in current liabilities, $6,893,000 in
accounts receivable, $10,837,000 in inventory, $52,000,000 in net fixed assets, $72,620,000 in total
assets, $10,500,000 in common stock, and $23,755,000 in retained earnings. What was company's total
liabilities and stockholder's equity for 2019?
Answer: